Suzlon Energy moves up smartly

REpOwer shares has been suspended from trade. Suzlon Energy, which holds majority stake in REPower was up 3.35% or Rs 1.70 quoting at Rs 52.45 after the news that REPower will squeeze out shareholders.

July 21, 2011 / 15:38 IST

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REpOwer shares has been suspended from trade. Suzlon Energy, which holds majority stake in REPower was up 3.35% or Rs 1.70 quoting at Rs 52.45 after the news that REPower will squeeze out shareholders.

REPOwer said Suzlon will have to pay Euro 142.77/share to squeeze out shareholders. The company said Squeeze Out resolution will be passed in its September 21 AGM.

Suzlon Energy touched an intraday high of Rs 53.30 and an intraday low of Rs 50.25. It was trading with volumes of 5,110,233 shares.

Time to buy Suzlon Energy? Sure, say analysts?

first published: Jul 21, 2011 03:23 pm

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